Incorporation Transparency

In Historic Vote, House Passes Bipartisan Bill to End Anonymous Companies

First Time Legislation to End Anonymous Companies Passes Either Chamber of Congress

Measure Received Support from White House Prior to Vote

Statement by Gary Kalman, Executive Director of the FACT Coalition

WASHINGTON, D.C. — With a bipartisan vote of 249 to 173, the House of Representatives passed a bipartisan bill Tuesday night to update federal anti-money laundering laws and end the incorporation of anonymous companies in the U.S.  After more than a decade of debate in Washington, Tuesday’s vote in favor of the Corporate Transparency Act of 2019 (H.R.2513) represents the first time that legislation to end anonymous companies has made it through either Chamber of Congress.